Property And Equipment, Net

12 Months Ended

Dec. 31, 2012

5. PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following at December 31:

	2012			2011
Furniture and fixtures	$	3,916,476		$	3,381,076
Equipment		23,745,101			14,869,677
Purchased software		8,706,287			7,142,797
Leasehold improvements		1,096,717			1,042,567
		37,464,581			26,436,117
Less accumulated depreciation		(21,439,857	)		(17,583,287	)
Property and equipment, net	$	16,024,724		$	8,852,830

Depreciation expense for the years ended December 31, 2012, 2011, and 2010 was $5.7 million, $4.0 million, and $3.8 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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